At MoneyBlock, we maintain exchange minimum margin
requirements to help our clients maximize their portfolio buying power. If you have any
questions regarding our margin policies, please contact us at
1-800-591-8243.

The greater of:
The short call option initial requirement, or
The short put option initial requirement,
Plus 100% of other option sale price

The greater of:
The short call option maintenance requirement, or
The short put option maintenance requirement,
Plus 100% of other option value

$25,000.00

Buy CALL CALENDAR SPREAD

EQUITY OPTIONS: Long leg expiry must occur after short leg expiry. If long leg exercise price <= short leg exercise price then 100% of option calendar spread purchase price. If long leg exercise price > short leg exercise price then the amount that the short option exercise price is below the long option exercise price plus 100% of option calendar spread purchase price. INDEX OPTIONS: Not margined as spreads. 100% for each leg; short legs will be considered naked.

EQUITY OPTIONS: Long leg expiry must occur after short leg expiry. If long leg exercise price <= short leg exercise price then $0.00. If long leg exercise price > short leg exercise price then the amount that the short option exercise price is below the long option exercise price. INDEX OPTIONS: Not margined as spreads. 100% for each leg; short legs will be considered naked.

$2,000.00

Buy PUT CALENDAR SPREAD

EQUITY OPTIONS: Long leg expiry must occur after short leg expiry. If long leg exercise price >= short leg exercise price then 100% of option calendar spread purchase price. If long leg exercise price < short leg exercise price then the amount that the short option exercise price is above the long option exercise price plus 100% of option calendar spread purchase price. INDEX OPTIONS: Not margined as spreads. 100% for each leg; short legs will be considered naked.

EQUITY OPTIONS: Long leg expiry must occur after short leg expiry. If long leg exercise price >= short leg exercise price then $0.00. If long leg exercise price < short leg exercise price then the amount that the short option exercise price is above the long option exercise price. INDEX OPTIONS: Not margined as spreads. 100% for each leg; short legs will be considered naked.

$2,000.00

Buy CALL or PUT VERTICAL

100% of option vertical spread purchase price

$0.00

$2,000.00

Sell CALL VERTICAL

The amount that the short option exercise price is below the long option exercise price minus 100% of option vertical spread sale price

The amount that the short option exercise price is below the long option exercise price.

$2,000.00

Sell PUT VERTICAL

The amount that the short option exercise price is above the long option exercise price minus 100% of option vertical spread sale price

The amount that the short option exercise price is above the long option exercise price.

$2,000.00

Buy CALL or PUT BUTTERFLY

100% of the option butterfly spread purchase price

$0.00

$2,000.00

Sell CALL or PUT BUTTERFLY

The difference between the two lowest exercise prices minus 100% of the option butterfly spread sale price

The difference between the two lowest exercise prices

$2,000.00

Buy CALL or PUT CONDOR

100% of the option condor spread purchase price

$0.00

$2,000.00

Sell CALL CONDOR

The difference between the two lowest exercise prices minus 100% of the option condor spread sale price

The difference between the two lowest exercise prices

$2,000.00

Sell PUT CONDOR

The difference between the two highest exercise prices minus 100% of the option condor spread sale price

The difference between the two highest exercise prices

$2,000.00

Buy IRON BUTTERFLY

100% of the option iron butterfly spread purchase price

$0.00

$2,000.00

Sell IRON BUTTERFLY

The initial requirement on one of the short option vertical spreads minus 100% of the option iron butterfly spread sale price

The maintenance requirement on one of the short option vertical spreads

$2,000.00

Buy IRON CONDOR

100% of the option iron condor spread purchase price

$0.00

$2,000.00

Sell IRON CONDOR

The initial requirement on one of the short option vertical spreads minus 100% of the option iron condor spread sale price

The maintenance requirement on one of the short option vertical spreads

$2,000.00

Buy BOX SPREAD

100% of the option box spread purchase price

$0.00

$2,000.00

Sell BOX SPREAD

The initial requirement on one of the short option vertical spreads minus 100% of the option box spread sale price

The maintenance requirement on one of the short option vertical spreads

If stock price < $5.00 then 100% of stock value.
If stock price >= $5.00 then the lower of:
10% of the option exercise price plus 100% of any out-of-the-money amount, or
25% of stock value.

$2,000.00

COVERED PUT

The greater of:
150% of stock sale price, minus 100% of option sale price plus the amount that the option exercise price exceeds the stock price, or
The maintenance requirement

100% of stock value plus,
If stock price is < $5.00 then the greater of $2.50 per share or 100% of stock value, or
If stock price >= $5.00 then the greater of $5.00 or 30% of stock value,
plus the amount that the option exercise price exceeds the stock value.

100% of stock value plus the lower of:
10% of the option exercise price plus 100% of any out-of-the-money amount, or
If stock price is < $5.00 then the greater of $2.50 per share or 100% of stock value, or
If stock price >= $5.00 then the greater of $5.00 or 30% of stock value.

100% of stock value plus,
If stock price is < $5.00 then the greater of $2.50 per share or 100% of stock value, or
If stock price >= $5.00 then the greater of $5.00 or 30% of stock value,
plus the amount that the put option exercise price exceeds the stock value.

$25,000.00

Security

Initial Margin

Maintenance Margin

Minimum Equity Requirement

Long Stock

Margin Requirement

Margin Requirement

Label

Short Stock

The greater of the Short Sale proceeds + 50% of the sale price, or the short position maintenance requirement

Margin Requirement

Label

Long Calls or Puts

100% (non-marginable)

100% (non-marginable)

Label

Naked Short Puts

(25% of the underlying market value) - (out-of-themoney) + (the premium) but not less than 10% of the underlying market value + (the premium)

(25% of the underlying market value) - (out-of-themoney) + (the premium) but not less than 10% of the underlying market value + (the premium)

Label

Naked Short Calls

(25% of the underlying market value) - (out-of-themoney) + (the premium) but not less than 10% of the strike + (the premium)

(25% of the underlying market value) - (out-of-themoney) + (the premium) but not less than 10% of the strike + (the premium)

Label

Vertical Spreads

(100% of the difference between the strike prices) x (the quantity)

(100% of the difference between the strike prices) x (the quantity)

Label

Debit Spreads

100% of the debit amount

100% of the debit amount

Label

Long Butterfly

100% of the debit amount

100% of the debit amount

Label

Short Straddle

(The greater of the naked put or naked call requirement) + (the current premium of the leg with the lower requirement)

(The greater of the naked put or naked call requirement) + (the current premium of the leg with the lower requirement)

Investing and trading may result in loss of capital. Options & Single Stock Futures
involve substantial risk and are not suitable for all investors. Please read
Characteristics and Risks of Standardized Options
prior to investing. Please read
Risk Disclosure for Security Futures Contracts
prior to investing in Single Stock Futures. Market volatility, volume and system
availability may delay account access and trade execution. Day trading is a high
risk, speculative trading strategy and is not suitable for all investors. For more
information on risks associated with day trading please read
Day Trading Risk Disclosure.
All content, tools and calculations provided herein are for educational and informational
purposes only. You are fully responsible for any investment decision you make.
MoneyBlock makes no investment recommendations and does not provide
financial, tax or legal advice. For more information, please review our
Online Services Agreement.
This is not an offer or solicitation in jurisdictions where MoneyBlock is not
authorized to do business or where such offer or solicitation would be contrary to the local laws
and regulations of that jurisdiction.
Contact Us
for more information.

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Firm does NOT allow a "Master/Sub-Account" relationship whereby an owner of an account sets
up subaccounts for different owners. The firm requires one owner to set up subaccounts
within their account and we are required to verify the identity of that account owner.